European banks may follow UBS and take advantage of improved investor appetite to top up capital and please regulators but they are not under the same intense pressure as the world’s largest wealth manager. UBS is selling $3.5 billion of shares, saying it would suffer a second-quarter loss. Its rivals are unlikely to take...

Having suffered the worst thrashing the equities market has absorbed in two months, in Monday’s selloff, Wall Street, on Tuesday, adopted a defensive posture, eschewing any sharp moves and evidencing none of the volatility that characterized Monday’s downturn. In short, Wall Street played possum.  To the extent that the...

Treasury secretary Timothy Geitner went before the Senate banking committee on Thursday to explain the administrations plans on financial regulation, and was greeted with much skepticism. There is a great deal of criticism of the proposed regulations by not only congressional members, but throughout the economic community. Among...

Citigroup (C Quote) and Bank of America (BAC Quote) are going to take time before they can become good investments for  the U.S. government. Paper losses run $3 billion and $2.2 billion respectively, based on the original strike price for the preferred shares bought by the U.S. Treasury and yesterday’s closing price for...

NEW YORK, June 8 (Reuters) - Citigroup Inc expects to begin its much-delayed $58 billion stock swap later this week, as part of a plan that could leave the government with a 34 percent stake. The third-largest U.S. bank said on Monday it is conducting the swap to bolster capital in the wake of about $36 billion of losses over...

Judge Ruth Bader Ginsburg issued an order on Monday which could possibly put Chrysler at risk of going out of business. The Justice’s action amounts to a holding action of Chrysler’s impeding bankruptcy. Three Indiana state funds and various consumer groups have objected to Chrysler’s bankruptcy, and if the...

Once upon a time the American auto industry was all powerful, able to influence the...

Tom Wilson, the chief executive of Allstate Insurance, called for a federal insurance...

Any little positive sign seems to give people hope that the worst is over. The unemployment...

During President Obama’s  news conference, regarding his first 100 days in...

The  U.S. government has not yet decided how to disclose the results of the bank...

The Fed met with 19 of the top financial institutions to go over the stress test...